The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-02-20
FINANCE AND MINING.
q 4 I
The Price of Wheat Still
Stiffening.
ORE AND BULLION RECEIPTS
Uts II Potatoes Westward-Dun's Bus
mess Review-The Queen
Output.

The week has been dull one in min
ing circles, fair one in mercantile, and
lively one in grain.
There seems to be no doubt that the
Territory is pretty well thinned out OF
wheat. Millers are running to the end
of their supply, end the price yesterday
offered was y cents, an advance OF II
cents per bushel within the past sixty
days. 1t would not be strange If an
other rise in the price of -four were
soon reported.
Bailey g. Son are shipping potatoes
by the car load into California, where q
fair demand continues to exist; the
price paid here is 371z cents per bushel.
A demand for alfalfa seed has also
sprung up of late.
Utah Southern bonds, drawing per
cent. interest, are for sale here at 800.
thus far 871l is the best bid obtained.
The strong demand for d. @. M. l..
stock continues. No deals are recorded
during the week, but 97h is offered
Under date of the 18th Dun's Review
of Trade says:
The stock market has been negatively
strong, and the grain and OF markets
positively weak. Large sales of stocks
having caused no great decline, some
traders have been disposed to buy agai 4,
but others who bought when Europe
was in panic now seem not anxious to
hold. Wheat, having been lifted by
false or mistaken rumorS, collapses
when their untruth is perceived and
unloading follows, one of the largest
Chicago Spectators coming to grief.
California now reports ample rain. The
fall in price has been about ~ cents in
corn and oats, cent each; in OIL 3
cents, and in iron certificates, 81 cents,
while cotton and coffee are unchanged,
and pork products have decidedly, and
cattle slightly advanced.
Foreign exchange Is shade lower, a
small shipment of gold to Italy having
no significance; though merchandise
exports last week were 38 per cent. be-
low 1886, the success of shippers in
securing labor and the fallin wheat are.
likely to cause large shipments. With
money easy at to per cent. and ex-
changes moderate, sales of wheat have
risen to 100000 bushels; of oil
to 100000 barrels, and of stocks to
over 2, 100 900 shares. The uncertainty
in some branches of trade is reflected
as yet in declining clearings at only
few cities. Reported railroad earnings
for January show gains of 1873 per
cent, and the car movement continues
large. The Treasury has put out 81
600, 900 more gold, while taking in
about $500 600 each OF, silver and legal
tenders, but pensions payments to
very large amount are forthcoming.
The business failures occurring
throughout the country during the last
seven days, as reported to R. 6. Dun &
Co., of the Mercantile Agency. to-day,
Friday, by telegraph, number for the
United States 81, and for Canada SO,
total of 267. as compared with total
of 261 last week, I'll the week previous
to the last, and 275 the corresponding
week of last yesr. There are only three
small assignments for the week in New
York City. In the different sections of
the country the business casualties are
about up to the average in number,
while in Canada and the British Prov
inces they are considerably in excess Of
the usual figure.